27/02 Thursday Market Update

Posted on Posted in Weekly Featured Articles

27/02 Thursday Market Update

 

Always read this regular market update in conjunction with my newsletter

 

DOW/WALL ST: Likely turning point 28Th +- 2days

 

ACTION: I am considering to short soon. Not clear how big is the expected pull back ( may be just a 2-3 days modest one). Technically, the uptrend is still intact.

 

GOLD SILVER: As expected, gold is pulling back. I did say that Gold will decline at anytime from Wednesday

 

ACTION: Stand aside now and wait to buy back at lower point.

 

ASX: Expect some more pull back but trend run up is still very strong. Will short Banks and others soon

 

ACTION: 1.FMG if all closed yesterday for profits, Reshort at higher level ( 5.84 or below) – and hold ASX short ( 5436-5460)

2.Already Exited all gold stocks. Wait to buy back at lower level

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